Home Discord Chat
Go Back   ChiefsPlanet > Nzoner's Game Room
Reload this Page Money 2024 Tax Season Thread
Register FAQDonate Members List Calendar Mark Forums Read

Reply
Page 6 of 6 « First 2345 6
 
Thread Tools Display Modes
Old 03-04-2024, 11:02 AM  
Buehler445 Buehler445 is offline
Supporter
 
Buehler445's Avatar
 
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-865266
2024 Tax Season Thread
It's that time.

Let's talk taxes.
Posts: 59,693
Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.
     Reply With Quote
Old Yesterday, 10:51 AM   #76
Misplaced_Chiefs_Fan Misplaced_Chiefs_Fan is offline
I am Number Six
 
Misplaced_Chiefs_Fan's Avatar
 

Join Date: Aug 2000
Location: Columbia, MD, USA
Casino cash: $-1040000
First year dealing with retirement taxes.

Fed - we good

State - apparently the 401K wasn't taking out sufficient state taxes. Luckily, in anticipation, I'd been setting aside X amount a month in a club account just for this. So we'll pay the state what we owe and see if we can get the 401K to deduct the right amount. I'll keep putting money in the club account in case something else changes between now and then.

So, coulda been better. Coulda been a LOT worse.
__________________
One of the lowest PPD of any of the original members of the Planet . . . and proud of it.

My web site

My writer's page
Posts: 6,713
Misplaced_Chiefs_Fan threw an interception on a screen pass.Misplaced_Chiefs_Fan threw an interception on a screen pass.Misplaced_Chiefs_Fan threw an interception on a screen pass.Misplaced_Chiefs_Fan threw an interception on a screen pass.Misplaced_Chiefs_Fan threw an interception on a screen pass.Misplaced_Chiefs_Fan threw an interception on a screen pass.Misplaced_Chiefs_Fan threw an interception on a screen pass.Misplaced_Chiefs_Fan threw an interception on a screen pass.Misplaced_Chiefs_Fan threw an interception on a screen pass.Misplaced_Chiefs_Fan threw an interception on a screen pass.Misplaced_Chiefs_Fan threw an interception on a screen pass.
     Reply With Quote
Old Yesterday, 11:29 AM   #77
notorious notorious is offline
Supporter
 
notorious's Avatar
 

Join Date: May 2005
Location: Who knows?
Casino cash: $-244116
Quote:
Originally Posted by Buehler445 View Post
It's tax time kids.

I had to realize a bunch of SE income (Not a bunch, but WAY more than I wanted). The worst part is I screwed up the calculation when I was making an estimate. I don't have penalties because it was close enough to my PY tax, but I still have to send a trainload of money in and that is painful.

Worse yet, I had to wait on a K-1 so I made an estimate payment and now have to send the trainload of money on 4-15 which is my birthday. No better birthday present than loading a train with cash and sending it to the government.

**** me.
BUEH IS COMPLAINING ABOUT PAYING TOO MUCH MONEY, WHICH MEANS HE HAS A LOT OF IT ALREADY.
Posts: 88,002
notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.
     Reply With Quote
Old Yesterday, 11:34 AM   #78
Buehler445 Buehler445 is offline
Supporter
 
Buehler445's Avatar
 

Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-865266
Quote:
Originally Posted by notorious View Post
BUEH IS COMPLAINING ABOUT PAYING TOO MUCH MONEY, WHICH MEANS HE HAS A LOT OF IT ALREADY.


Wanna buy into a farming corporation? It’s tons of fun bro!
Posts: 59,693
Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.
 Thumbs Up 1 Thumbs Down 0     Reply With Quote
Old Yesterday, 01:35 PM   #79
notorious notorious is offline
Supporter
 
notorious's Avatar
 

Join Date: May 2005
Location: Who knows?
Casino cash: $-244116
Quote:
Originally Posted by Buehler445 View Post


Wanna buy into a farming corporation? It’s tons of fun bro!
It's a license to print money. I see all this expensive equipment running around.

When you can spend 600k on a machine that you use for 5-6 weeks a year it's doesn't take rocket surgery to figure out it's a rich man's club.

Don't get me started on the ladies and John Deere green. Panties don't fall off, they flash burn from all the heat.
Posts: 88,002
notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.
     Reply With Quote
Old Yesterday, 01:54 PM   #80
Bearcat Bearcat is offline
Would an idiot do that?
 
Bearcat's Avatar
 

Join Date: Nov 2000
Location: Arizona
Casino cash: $-345069
Quote:
Originally Posted by notorious View Post
It's a license to print money. I see all this expensive equipment running around.

When you can spend 600k on a machine that you use for 5-6 weeks a year it's doesn't take rocket surgery to figure out it's a rich man's club.

Don't get me started on the ladies and John Deere green. Panties don't fall off, they flash burn from all the heat.
Yeah, don't let Buehler fool you.... I met up with him in BFE Kansas on my way to KC and he was wearing what seemed like a pretty decent hoodie and I think even an NFL licensed Chiefs hat.

Phone looked pretty nice. Drove a truck and you know those cost money.

Ordered the combo meal like it was no big deal.
__________________
Posts: 58,971
Bearcat is obviously part of the inner Circle.Bearcat is obviously part of the inner Circle.Bearcat is obviously part of the inner Circle.Bearcat is obviously part of the inner Circle.Bearcat is obviously part of the inner Circle.Bearcat is obviously part of the inner Circle.Bearcat is obviously part of the inner Circle.Bearcat is obviously part of the inner Circle.Bearcat is obviously part of the inner Circle.Bearcat is obviously part of the inner Circle.Bearcat is obviously part of the inner Circle.
 Thumbs Up 1 Thumbs Down 0     Reply With Quote
Old Yesterday, 02:47 PM   #81
TLO TLO is offline
Life is changing..
 
TLO's Avatar
 

Join Date: Jul 2012
Location: NW Missouri
Casino cash: $-1860000
Tax man going in with no lube
Posts: 42,835
TLO is obviously part of the inner Circle.TLO is obviously part of the inner Circle.TLO is obviously part of the inner Circle.TLO is obviously part of the inner Circle.TLO is obviously part of the inner Circle.TLO is obviously part of the inner Circle.TLO is obviously part of the inner Circle.TLO is obviously part of the inner Circle.TLO is obviously part of the inner Circle.TLO is obviously part of the inner Circle.TLO is obviously part of the inner Circle.
 Thumbs Up 1 Thumbs Down 0     Reply With Quote
Old Yesterday, 02:53 PM   #82
notorious notorious is offline
Supporter
 
notorious's Avatar
 

Join Date: May 2005
Location: Who knows?
Casino cash: $-244116
Quote:
Originally Posted by Bearcat View Post
Yeah, don't let Buehler fool you.... I met up with him in BFE Kansas on my way to KC and he was wearing what seemed like a pretty decent hoodie and I think even an NFL licensed Chiefs hat.

Phone looked pretty nice. Drove a truck and you know those cost money.

Ordered the combo meal like it was no big deal.
He's such a big baller he orders the entrees separate without the combo discount.
Posts: 88,002
notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.
 Thumbs Up 1 Thumbs Down 0     Reply With Quote
Old Yesterday, 02:53 PM   #83
notorious notorious is offline
Supporter
 
notorious's Avatar
 

Join Date: May 2005
Location: Who knows?
Casino cash: $-244116
Quote:
Originally Posted by TLO View Post
Tax man going in with no lube
Blood doesn't count?
Posts: 88,002
notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.
     Reply With Quote
Old Yesterday, 03:15 PM   #84
displacedinMN displacedinMN is offline
In Search of a Life
 
displacedinMN's Avatar
 

Join Date: Aug 2012
Location: Correcting papers
Casino cash: $-80000
Quote:
Originally Posted by Buehler445 View Post


Wanna buy into a farming corporation? It’s tons of fun bro!
can it run at a large loss every year so i can have the cap loss?
__________________

#investigatecarlcheffers
Posts: 40,315
displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.
     Reply With Quote
Old Yesterday, 03:42 PM   #85
Buehler445 Buehler445 is offline
Supporter
 
Buehler445's Avatar
 

Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-865266
Quote:
Originally Posted by notorious View Post
It's a license to print money. I see all this expensive equipment running around.

When you can spend 600k on a machine that you use for 5-6 weeks a year it's doesn't take rocket surgery to figure out it's a rich man's club.

Don't get me started on the ladies and John Deere green. Panties don't fall off, they flash burn from all the heat.
Quote:
Originally Posted by Bearcat View Post
Yeah, don't let Buehler fool you.... I met up with him in BFE Kansas on my way to KC and he was wearing what seemed like a pretty decent hoodie and I think even an NFL licensed Chiefs hat.

Phone looked pretty nice. Drove a truck and you know those cost money.

Ordered the combo meal like it was no big deal.
Y'all mother****ers believe what you want.

Quote:
Originally Posted by displacedinMN View Post
can it run at a large loss every year so i can have the cap loss?
Sure. Absolutely. Yes.

It's an S-Corp, so it can accordingly pass through deductible losses up unto the amount of basis you have provided it can maintain solvency.

All you have to do is contribute the capital to book the basis. I'm here for you. Just let me pull my equity out first.

I'm here to help.
Posts: 59,693
Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.
 Thumbs Up 3 Thumbs Down 0     Reply With Quote
Old Yesterday, 06:17 PM   #86
notorious notorious is offline
Supporter
 
notorious's Avatar
 

Join Date: May 2005
Location: Who knows?
Casino cash: $-244116
Quote:
Originally Posted by Buehler445 View Post
Y'all mother****ers believe what you want.



Sure. Absolutely. Yes.

It's an S-Corp, so it can accordingly pass through deductible losses up unto the amount of basis you have provided it can maintain solvency.

All you have to do is contribute the capital to book the basis. I'm here for you. Just let me pull my equity out first.

I'm here to help.
I changed over to an LLC taxed as an S-Corp and holy hell the headaches from that was epic.

The tax system moves at lightening speed to get your money but god forbid you need to submit paperwork for stuff it will take months.
Posts: 88,002
notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.
 Thumbs Up 1 Thumbs Down 0     Reply With Quote
Old Today, 05:44 AM   #87
displacedinMN displacedinMN is offline
In Search of a Life
 
displacedinMN's Avatar
 

Join Date: Aug 2012
Location: Correcting papers
Casino cash: $-80000
Quote:
Originally Posted by notorious View Post
I changed over to an LLC taxed as an S-Corp and holy hell the headaches from that was epic.

The tax system moves at lightening speed to get your money but god forbid you need to submit paperwork for stuff it will take months.
Government isnt the solution........
__________________

#investigatecarlcheffers
Posts: 40,315
displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.displacedinMN is obviously part of the inner Circle.
     Reply With Quote
Reply
Page 6 of 6 « First 2345 6

« Previous Thread | > Nzoner's Game Room < | Next Thread »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump




All times are GMT -6. The time now is 07:56 AM.

Contact Us - ChiefsPlanet - Archive - Top

This is a test for a client's site.
Fort Worth Texas Process Servers
Covering Arlington, Fort Worth, Grand Prairie and surrounding communities.
Tarrant County, Texas and Johnson County, Texas.
Advertise with us!
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2025, vBulletin Solutions, Inc.